Lafayette vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 19% cheaper for renters. A 2-bedroom rents for $741/mo vs $879/mo in Panama City — saving $1,656/year.
Rent by Unit Size
| Unit Size | Lafayette | Panama City | Difference |
|---|---|---|---|
| Studio | $502 | $571 | $69 |
| 1 Bedroom | $626 | $706 | $80 |
| 2 Bedrooms | $741 | $879 | $138 |
| 3 Bedrooms | $958 | $1,032 | $74 |
| 4 Bedrooms | $1,134 | $1,302 | $168 |
| Median Income | $38,989 | $44,385 | $5,396 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Panama City
- Studio
- $571/mo
- 1 BR
- $706/mo
- 2 BR
- $879/mo
- 3 BR
- $1,032/mo
- 4 BR
- $1,302/mo
- Median Income
- $44,385/yr
Frequently Asked Questions
Is Lafayette or Panama City cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $879/mo in Panama City. That's $138/mo or $1,656/year more expensive in Panama City (19% higher).
What is the 2-bedroom rent in Lafayette vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Lafayette and Panama City?
The median household income in Lafayette is $38,989/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Lafayette vs Panama City?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Panama City it is $571/mo.